North Hollywood, CA 3/1 Development

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North Hollywood, CA 3/1 Development

This Single Family residence is zoned R 1.5 which equates to being zoned for up to FOUR (4) units on this lot! Highest & Best use is to CONSTRUCT a four-plex for rentals! Upside OVER 1.4 Million (after completion)! Suggested units of 4- 3 bedroom, 2.5 baths, with carports or garages for each unit! Retail value after completion (extremely conservative estimate) minimum $1,400,000.00!!! Close to freeways, easy access, walk to shopping! Neighborhood is in redevelopment stage, prime income opportunity! Primary photo is rendition of one idea for a four unit complex that should fit on this lot. Some modifications may be needed to construct the rendition to the existing lot and lot configuration. Other floor plans are ideas of four unit structures that can be built under current zoning regulations. Lot size approximately 50 feet X 135 feet.

Subject: North Hollywood, CA 91605
Details: 3/1 1600 LOT 6750
Zone: RD 1.5-1
Price: $410,000
Repairs: $600,000 (Build Budget)
ARV: $1,400,000+ (Sell individually)
EMD: 3%

  • North Hollywood, CA 3/1 Development

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North Hollywood, CA 3/1 Development

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